Biller's login - Hosted Payments Page
Real-Time Payments Gateway


FedNow On-Time Bill Pay

What is FedNow On-Time Bill Pay

FedNow, On-Time Bill Pay and Real-Time instant payments, are defined simply as: Irrevocably collected funds in a bank account and usable immediately by the owner of the account. Our "Good Funds" payment gateway allows for instant real-time digital payments that are immediate, irrevocable, intra-bank and/or interbank account-to-account (A2A) transfers that utilize a real-time and text messaging system connected to every transaction participant through all U.S.-based financial institutions.

Integrating On-Time Bill Pay with instant payment using FedNow real-time for both one-time and recurring payments involves several steps to ensure seamless processing and reconciliation in QuickBooks Online (QBO). Here’s a detailed guide:

Integration Overview

  1. Setup SecureQBPlugin.com
    • Registration and Setup: Register and set up SecureQBPlugin.com for your QuickBooks Online account.
    • API Configuration: Configure the API settings to enable communication between SecureQBPlugin.com, QuickBooks Online, and FedNow.
  2. Payment Scheduling and Request for Payment (RfP)
    • Payment Scheduler: Use a payment scheduling system to create one-time and recurring payment schedules.
    • Digital Invoicing System: Generate Requests for Payment (RfPs) for both one-time and recurring payments.
  3. Payment Methods Integration
    • POS (Point of Sale): Integrate your POS system with SecureQBPlugin.com to accept FedNow payments.
    • MOTO (Mail Order/Telephone Order): Set up your MOTO system to process payments through SecureQBPlugin.com.
    • E-commerce: Ensure your E-commerce platform is connected to SecureQBPlugin.com to handle real-time payments.
  4. Real-Time Payment Processing
    • FedNow Service: SecureQBPlugin.com processes the payment through the FedNow network, enabling instant fund transfers.
    • Payment Gateway Integration: Integrate the payment gateway that supports FedNow with SecureQBPlugin.com.
  5. Reconciliation in QuickBooks Online
    • Automatic Reconciliation: SecureQBPlugin.com ensures that payments are automatically reconciled in QuickBooks Online.
    • Real-Time Updates: QuickBooks Online is updated in real-time with the payment status and transaction details.

Detailed Steps

  1. Setup SecureQBPlugin.com:
    • Register: Create an account on SecureQBPlugin.com.
    • Connect to QBO: Link your QuickBooks Online account to SecureQBPlugin.com using the provided API keys and credentials.
    • API Configuration: Configure the API settings to ensure seamless communication between SecureQBPlugin.com, QuickBooks Online, and FedNow.
  2. Generate and Send RfPs:
    • Invoicing System: Use your digital invoicing system to generate Requests for Payment (RfPs).
    • Send RfPs: Send the RfPs to your customers via email, SMS, or a secure portal.
  3. Integrate Payment Methods:
    • POS Integration:
      • Connect your POS system to SecureQBPlugin.com.
      • Configure the POS system to accept FedNow payments through SecureQBPlugin.com.
    • MOTO Integration:
      • Set up your MOTO processing system to work with SecureQBPlugin.com.
      • Ensure that phone and mail orders can be processed through FedNow.
    • E-commerce Integration:
      • Connect your E-commerce platform to SecureQBPlugin.com.
      • Configure the platform to handle FedNow payments.
  4. Schedule and Process Payments:
    • Payment Scheduler: Set up one-time and recurring payment schedules in your payment scheduling system.
    • Payment Gateway: Ensure that your payment gateway supports FedNow and is integrated with SecureQBPlugin.com.
    • FedNow Service: SecureQBPlugin.com processes the payment through the FedNow network, enabling instant fund transfers.
  5. Reconcile Payments in QBO:
    • Automatic Reconciliation: SecureQBPlugin.com automatically reconciles payments in QuickBooks Online.
    • Real-Time Updates: QuickBooks Online is updated in real-time with payment status, transaction details, and reconciliation records.

Benefits

  1. Speed: Instant payment processing improves cash flow and reduces waiting times.
  2. Convenience: Customers can choose their preferred payment method (POS, MOTO, E-commerce).
  3. Efficiency: Automated reconciliation reduces manual effort and errors.
  4. Integration: Seamless integration with QuickBooks Online ensures accurate financial records.

Implementation Tips

  1. Testing: Thoroughly test the integration in a sandbox environment before going live.
  2. Security: Ensure that all data transfers and transactions comply with security standards to protect customer information.
  3. Training: Provide training for your staff on using SecureQBPlugin.com and handling FedNow payments.
  4. Support: Utilize customer support from SecureQBPlugin.com and QuickBooks Online for any issues or questions during the integration process.

Example Use Case: Recurring Bill Payment

  1. Create Payment Schedule:
    • Set up a recurring payment schedule in the payment scheduler for monthly utility bills.
  2. Generate RfPs:
    • Automatically generate and send RfPs for the recurring bills.
  3. Process Payment:
    • On the scheduled date, SecureQBPlugin.com processes the payment through FedNow, transferring funds instantly.
  4. Update and Reconcile in QBO:
    • QuickBooks Online is updated in real-time with the payment status, and the transaction is reconciled automatically.

By following these steps, you can effectively manage both one-time and recurring on-time bill payments using FedNow real-time payments integrated with SecureQBPlugin.com into QuickBooks Online. This ensures timely payments, streamlined processes, and accurate financial management.

 

Features & Benefits

FedNow instant payments has benefits for all parties involved in Financial Transactions.
Benefits to your company include:
Money Transfer: Current limit of $500,000.
It's Fast: 24/7/365 access to funds anytime vs. several days for paper checks or ACH transfers to process.
Request for Payments ( RfP ™): Mobile & Online Real-Time Bill Payments.
It's Final: All RTP and Instant Payments are Final & Irrevocable.
Software Integration: Integrate your Management or Enterprise software with us.
Message Detail: Full 145 characters available using ISO 20022 messaging XML format.
Online Down Payments: Don't use inconvenient and expensive Wires & Cashier's Checks.
Online Real-Time Reporting: Configured Dashboard with Virtual Terminal login.
Reduced calls / emails in the "Purchasing Chain": All parties to a instant payment transaction receive immediately text & email messaging.  The FedNow and RTP Systems enables Participants to initiate credit transfers, receive final and irrevocable settlement for credit transfers, and make available to Receivers funds associated with such credit transfers in real-time, twenty-four (24) hours a day, seven (7) days a week, fifty-two (52) weeks a year. All instant payments are "Credit Push" instead of "Debit Pull."

Creation Request for Payment Bank File

Text Mobile Request for Payment Call us, the .csv and or .xml FedNow or Request for Payment (RfP) file you need while on your 1st phone call! We guarantee our reports work to your Bank and Credit Union. We were years ahead of competitors recognizing the benefits of RequestForPayment.com. We are not a Bank. Our function as a role as an "Accounting System" in Open Banking with Real-Time Payments to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. U.S. Companies need help to learn the RfP message delivering their bank. Today Payments' ISO 20022 Payment Initiation (PAIN .013) shows how to implement Create Real-Time Payments Request for Payment File up front delivering a message from the Creditor (Payee) to it's bank. Most banks (FIs) will deliver the message Import and Batch files for their company depositors for both FedNow and Real-Time Payments (RtP). Once uploaded correctly, the Creditor's (Payee's) bank continues through a "Payment Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank. Request for Payment

... easily create Real-Time Payments RfP files. No risk. Test with your bank and delete "test" files before APPROVAL on your Bank's Online Payments Platform. Today Payments is a leader in the evolution of immediate payments. We were years ahead of competitors recognizing the benefits of Same-Day ACH and Real-Time Payments funding. Our business clients receive faster availability of funds on deposited items and instant notification of items presented for deposit all based on real-time activity. Dedicated to providing superior customer service and industry-leading technology.

Pricing with our Request For Payment Solutions

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 1) Free ISO 20022 Request for Payment File Formats, for FedNow and Real-Time Payments (The Clearing House) .pdf for you manually create "Mandatory" (Mandatory .csv or .xml data for completed ISO 20022 file) fields, start at page 4, with "yellow" highlighting. $0.0 + No Support


2) We create .csv or .xml formatting using your Bank or Credit Union. Using your invoice information database to create an existing Accounts Receivable file, we CLEAN, FORMAT to FEDNOW or Real-Time Payments into CSV or XML. Create Multiple Templates. You can upload or "key data" into our software for File Creation of "Mandatory" general file. Use either the Routing Number and Account Number for your Customers or use "Alias" name via Mobile Cell Phone and / or Email address.

Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee. We add your URI for each separate Payer transaction for additional Payment Methods on "Hosted Payment Page" (Request for file with an HTML link per transaction to "Hosted Payment Page" with ancillary payment methods of FedNow, RTP, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file,


3) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our On-Time Bill Pay system.

Fees Above 2) plus $29 monthly additional QuickBooks Online "QBO" formatting, and "Hosted Payment Page" and WYSIWYG


4) Above 3) plus Create "Total" (over 600 Mandatory, Conditional & Optional fields of all ISO 20022 Pain .013) Price on quote.

Each day, thousands of businesses around the country are turning their transactions into profit with real-time payment solutions like ours.

Contact Us for Request For Payment payment processing